ZEEKR Intelligent Technology (NYSE:ZK) Trading Down 6.3% – Time to Sell?

ZEEKR Intelligent Technology Holding Limited (NYSE:ZK)’s share price traded down 6.3% during mid-day trading on Monday . The company traded as low as $29.00 and last traded at $29.25. Approximately 127,012 shares traded hands during trading, a decline of 79% from the average daily volume of 598,598 shares. The stock had previously closed at $31.23.

ZEEKR Intelligent Technology Stock Performance

The firm has a 50 day moving average of $26.59 and a two-hundred day moving average of $24.52.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of ZEEKR Intelligent Technology during the 4th quarter worth approximately $86,000. JPMorgan Chase & Co. bought a new position in shares of ZEEKR Intelligent Technology in the fourth quarter worth about $145,000. Envestnet Asset Management Inc. acquired a new position in ZEEKR Intelligent Technology during the 4th quarter worth $202,000. Barclays PLC increased its position in ZEEKR Intelligent Technology by 28.5% in the third quarter. Barclays PLC now owns 9,456 shares of the company’s stock worth $211,000 after purchasing an additional 2,097 shares during the period. Finally, Wells Fargo & Company MN bought a new stake in ZEEKR Intelligent Technology in the fourth quarter valued at about $217,000.

About ZEEKR Intelligent Technology

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.